27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Therefore, just about all investors, except the ones who have purchased shares above the current low of $20.84, are under water.
In fact, all of the buyers on Monday's closing and low print of the day ($23.77), have not even had a chance at a scratch as the highest price for Tuesday's session stands at $22.50.
Find support in the new issue can be tricky, as the only relevant number on the downside is the Street's original pricing at $17.00. Another concerning factor for current shareholders is declining volume since its debut on 217 million. Volume declined on Friday to 148.2 million and 72.9 million on Monday. At this time, the issue has traded 52.7 million with just over two hours remaining in the session.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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